Tag: Cloud Computing

TikTok’s Osama bin Laden Fiasco
Health

TikTok’s Osama bin Laden Fiasco

TikTok’s hot new social-media influencer is . . . Osama bin Laden. Yes, the terrorist who plotted 9/11 went viral this week, and not in a good way. Users have been posting videos to the Chinese-owned app, urging their followers to read bin Laden’s 2002 “letter to America,” while suggesting he was on to something. “I will never look at this country the same,” one user said.The videos racked up hundreds of thousands of views. TikTok said Thursday it is “aggressively removing” such content. “The number of videos on TikTok is small and reports of it trending on our platform are inaccurate,” the company said. Then it blamed critics and journalists for noticing, saying that all the attention was driving more traffic to the posts. The British newspaper the Guardian unpublished its copy of the bi...
Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
Technology

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Nov. 16, 2023 10:10 am ETSINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite.Alibaba on Thursday said it had scrapped its plan to spin off and list its cloud-computing division, citing the impact of the export controls that took effect late last month. The restrictions “may materially and adversely affect” the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s growth.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
World

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Nov. 16, 2023 10:10 am ETSINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite.Alibaba on Thursday said it had scrapped its plan to spin off and list its cloud-computing division, citing the impact of the export controls that took effect late last month. The restrictions “may materially and adversely affect” the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s growth.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Alibaba’s Spinoff Plans Fall to Earth
World

Alibaba’s Spinoff Plans Fall to Earth

Alibaba’s shareholders finally got their first dividend. But that may not be enough to compensate for hiccups in its spinoff plan and slowing growth.The Chinese e-commerce giant on Thursday announced its first annual dividend since going public in 2014. The company will dish out around $2.5 billion—but that translates to only a 1.1% dividend yield using Wednesday’s closing price.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
U.S. Cloud Providers Create Special Localized Security Services for Europe
World

U.S. Cloud Providers Create Special Localized Security Services for Europe

Nov. 14, 2023 3:24 pm ET|WSJ ProAmerican cloud providers, under pressure from European customers and regulators, are offering data-security guarantees that go beyond strict local privacy rules. The European Union is working on a cloud certification system that would put restrictions on companies providing services for high-security applications regarding where data can be stored and how it is handled. Although the certification, expected out next year, is voluntary, officials say they expect companies to sign up to show customers they meet high standards. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Protect your customers and organization from cyber riskSign in or subscribe to understand the ever-changing landscape of cybersecurity thr...
Nepal Bans TikTok, Saying It Disturbs ‘Social Harmony’
World

Nepal Bans TikTok, Saying It Disturbs ‘Social Harmony’

NEW DELHI—Nepal is banning TikTok over concerns that the video platform is “disturbing social harmony,” joining a growing list of countries that have partially or completely banned the popular Chinese-owned app.Nepal’s cabinet, led by Prime Minister Pushpa Kamal Dahal, decided to ban TikTok on Monday, said Rekha Sharma, the minister of communication and information technology. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Microsoft, Alphabet, Amazon and Meta Rebound With Strong Results as AI Fuels Optimism
Technology

Microsoft, Alphabet, Amazon and Meta Rebound With Strong Results as AI Fuels Optimism

Oct. 30, 2023 10:00 am ETThe tech giants are shaking off the postpandemic blues.Microsoft, Amazon.com, Meta Platforms and Google parent Alphabet last week delivered quarterly reports showing strong growth and improving margins in areas from digital advertising to e-commerce to cloud computing.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Tech Giants Spend Billions on AI Startups—And Get Just as Much Back
World

Tech Giants Spend Billions on AI Startups—And Get Just as Much Back

Updated Nov. 3, 2023 1:41 pm ETAmazon, Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms.The deals are making the big tech firms the largest backers and most direct beneficiaries of these startups, reflecting how some of the AI boom’s biggest rewards keep going to the most powerful players. The value of the tech giants’ stakes could shoot up if the startups take off. And if not, they still will have turned chunks of cash into revenue. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Tech Giants Spend Billions on AI Startups—And Get Just as Much Back
Technology

Tech Giants Spend Billions on AI Startups—And Get Just as Much Back

Updated Nov. 3, 2023 1:41 pm ETAmazon, Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms.The deals are making the big tech firms the largest backers and most direct beneficiaries of these startups, reflecting how some of the AI boom’s biggest rewards keep going to the most powerful players. The value of the tech giants’ stakes could shoot up if the startups take off. And if not, they still will have turned chunks of cash into revenue. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Stocks End October With Gains, Post Monthly Losses
Money

Stocks End October With Gains, Post Monthly Losses

A busy day for corporate earnings reports ended with major stock indexes higher, though not enough to prevent them from a third-straight monthly decline. The S&P 500 climbed 0.6% on Tuesday, to end October 2.2% lower. Every industry segment in the benchmark index rose, with real-estate companies, banks and utilities leading the way. Arista Networks paced the index, gaining 14% after the networking equipment company beat quarterly sales and profit expectations.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8